Chuck and Barry have identical total utility schedules but Chuck has a much higher income. If each is maximizing his total utility, then

Question

Answer

they will have equal total utilities.

Answer

Chuck will have lower marginal utility than Barry for each normal good consumed.

Answer

Chuck will have lower total utility than Barry.

Answer

they will have equal marginal utilities for each normal good consumed.

Answer

Chuck will have higher marginal utility than Barry for each normal good consumed.

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